Tata Capital will look to cross-sell within the group: MD & CEO Sabharwal

'We can't be direct lenders because there are limitations', said Sabharwal

The past few years have been tough for non-banking financial companies (NBFCs). Changes on the regulatory front, with the Reserve Bank of India aligning NBFCs’ oversight norms with that of banks, funding concerns, and pandemic-related credit quality concerns took a toll on the sector. All this is very much in the past, says Rajiv Sabharwal, managing director and chief executive officer, Tata Capital, in an interview with Raghu Mohan. Edited excerpts:

NBFCs appear to be on a better track now? What’s the sense you get on the business?

We are on a strong growth trajectory, and all of us are